The net proceeds of all property condemned as prize shall be decreed to the United States and shall be ordered by the court to be paid into the Treasury.
Aug. 10, 1956, ch. 104170A Stat. 480Pub. L. 115–232, div. A, title VIII, § 807(d)(9)132 Stat. 1837(, , § 7668; renumbered § 8868, , , .)
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Historical and Revision Notes |
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Revised section | Source (U.S. Code) | Source (Statutes at Large) |
7668 | R.S. 4630; R.S. 4641. | |
Act of March 3, 1899, ch. 413, § 1330 Stat. 100734 U.S.C. 115134 U.S.C. 1151R.S. 4630 provided that in some circumstances the captors were to receive the net proceeds of prize property and in other circumstances they were to receive half and the United States was to receive the other half. The , , repealed “all provisions of law authorizing the distribution among captors of the whole or any portion of the proceeds of vessels, or any property hereafter captured, condemned as prize”. Thus the only part of R.S. 4630 that remains in effect, as is indicated in , is that part which provides that proceeds shall be decreed to the United States. The section is so worded. R.S. 4641 stated how proceeds decreed to captors should be divided among them. These provisions were eliminated by the Act of , supra. All that remains of R.S. 4641, as is indicated in , is the provision that proceeds decreed to the United States shall be paid into the Treasury, and the section is worded accordingly.
Editorial Notes
Amendments
Pub. L. 115–232section 7668 of this title2018— renumbered as this section.
Statutory Notes and Related Subsidiaries
Effective Date of 2018 Amendment
Pub. L. 115–232section 800 of Pub. L. 115–232section 3001 of this titleAmendment by effective , with provision for the coordination of amendments and special rule for certain redesignations, see , set out as a note preceding .